VERTEX – Aftermarket For ICOs

This is my entry for the sponsored
writing CONTEST organized by @monajam .

It is an obvious fact that the strength and growth of the cryptocurrency industry rely heavily on its adoption by the masses. The ovation has been high since the introduction of Bitcoin in 2009, with millions of new users injecting fresh funds into the industry each year.

Some experts predicted that Cryptos would be on the verge of becoming mainstream currency before 2028 but there is an obvious bug in the system that is threatening to betray this potential.

In predominant cases, new cryptocurrencies get into the market through Initial Coin Offering (ICO) programs. Some passive investors sat on the fence when some adventurous folks put their money in the early ICO's. They also watched later as those adventurous folks grew in wealth through their little investment in those ICO's.

Now, those passive investors have become active. They have gotten the evidence they need that this thing is really. They have come to the market with more and more funds.

Ordinarily, this would mean a plus to the industry. Sadly, majority of the projects backing the present ICO's and those held in recent past are merely unsustainable junk. When there is no sound project standing as a pillar that projects an ICO, it is either because the organizing team lack the capacity to build such or they are dubious elements.

Either way, we have seen these things happen and billions of dollars has been lost through these questionable ICO's. This is the bug we found in the industry and it is threatening to hold cryptos from approaching the mainstream because it is a huge turn-off to potential investors.

And there is something else. Because of the fear this development has created in the hearts of committed investors, they no longer know which token to invest in. They spend weeks, trying to figure out the right token to buy. In the end, some will miss out on the viable tokens because they do not have the needed facilities to vet these tokens to find out which one is viable or not.

To address these challenges, Vertex has created a permanent solution that will take off the burden of vetting tokens from the investors and also give them the opportunity to invest in tokens even after the ICO had ended. And they have the opportunity to buy these tokens at a pretty cheap rate.

What Is Vertex?

Vertex is a market place where investors can buy tokens at a reduced rate after the ICO's have ended. It's an aftermarket for ICO's.

Every now and then, interested investors, for some reasons, are not informed about an ICO that has solid backing and promise to succeed. They only get to know about that when the ICO is over. This keeps them away from the benefits if such tokens climbs the gainers chart.

Part of the reason this happens is because there are so many ICO's springing up presently. And making the right choice is one huge task that these investors have not been able to cope with. With Vertex in the game, all these problems are 95% solved.

Vetting

In Vertex market, there is a team of experts who are recruited to evaluate every new ICO in order to ensure its viability. This team will, when necessary, fly to the locations of the individuals who are the owners of the projects. The purpose is to make physical contacts with these individuals and assess the respective projects.

Unqualified ICO's, that is ICO's with no feasible projects of false claims will not be heard of in Vertex Market.

But for the qualified ones, Vertex will buy large volumes of their tokens and reserve them for aftermarket transactions. Investors who were not able to participate during ICO will have a second chance to buy these tokens at a reduced rate.

Vertex's Benefit To Investors

Multiple ICOS that have been vetted can be accessed by users/investors through a single point of entry. Periodic updates will be made available to investors informing them of new ICOs, changes and updates.

With this, investors will stay abreast with information in the ICO world. Together with the informations and updates, vertex projects the ICO system, exposing them more, while bringing in more investors. Potential buyers are saved the stress of KYC as most of them see it as a tiring process.

The single interface provides an amazing opportunity to toggle between numerous ICOs that have already been vetted, which increases the visibility to not so well informed crypto persons. There is also a help in choice in which the community offers investors, some investors are indecisive as to what ICO to invest in.

Vertex Benefit To ICOs

After vetting has been successfully done by the Vertex team, it is then advertised and displayed on the platform where it'll be readily accessible, as well as easily reachable to investors. Investors now invest into such ICOs since it has been evaluated by the team. There's also a high tendency for success of the ICO because of the in depth experience of the team.

How To Use Vertex Platform

Before using the Vertex platform, a user is required to create an account and 48 hours is taken for the account to be approved by the community.

KYCs are normally done before the accounts are approved and after the account has been approved, users can be able to toggle through the Vertex market and see information about tokens approved and available as well After being granted access to the community, users can buy tokens
through 'buy token' option, which brings up an ETH address that enables users to send tokens in exchange for which ever ICO they desire to invest in. The ETH address is specific and different for each user and expires after a transaction, there's regeneration whenever you wish to initiate another transaction.

Addresses where users will send funds from need to be registered, to avoid abuse of the system. Intent to purchase must be stated, and stating three times without purchasing leads to bans.

Vertex has a minimum investment of
500K USD. This ensures it's given preferential treatment, and it is invited to invest in a lot of ICO's before they’re open to the public.

Vertex Team

Partners

Advisors

SOURCES AND REFERENCES

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Vertex Website
Vertex Airdrop
Vertex WhitePaper
Vertex Facebook
Vertex Twitter